05:03 PM EDT, 04/09/2025 (MT Newswires) -- National Health Investors' ( NHI ) activist shareholder Land & Buildings Investment Management disclosed plans Wednesday to challenge two director nominees with its own slate in a bid to maximize returns.

Land & Buildings blamed an "archaic" corporate governance structure for a 27% lag in National Health Investors' ( NHI ) share price performance, compared with peer real estate investment trusts in the senior housing space.

Land & Buildings nominated Adam Troso and Jim Hoffmann to the board.

Land & Buildings also asserts National Health needs a more aggressive approach with its contract negotiations, particularly with a major tenant lease soon coming due and said it board candidates would bring a "sorely needed independent perspective and objectivity" to those talks.

National Health's annual shareholders meeting is scheduled May 21. The company did not immediately respond to a message from MT Newswires seeking comment.